04.11.11 / Ethical Savings, National Ethical Investment Week, Social Banking, Social Investment / Author: Mark Howland / Comments: (0)
This week has seen the publication of new guidance on investment for charity trustees from the Charity Commission. The new embodiment of CC14 is entitled Charities and Investment Matters: A guide for trustees and lays out clearly a number of different investment types.
The document provides details and examples of Programme Related Investments (PRIs) and Mixed Motive Investments (MMIs), both of which offer charities the option of investing funds according to their mission rather than simply according to maximum financial return. The language is jargon-free and the messages straightforward. read more
31.10.11 / Ethical Bank, Ethical ISA, Ethical Savings, National Ethical Investment Week / Author: Mark Howland / Comments: (0)
The timing of the Occupy London protest, which has coincided with both National Ethical Investment Week and the latest phase of the Greek debt saga, means that money, and the ethics surrounding it, are currently hot topics – both in the media and on the street.
Unsurprisingly, the Guardian has been the most vocal supporter of ethical investment, with an entire “ethical money” section on its website, but there is no doubt that the subject is inching its way further into the mainstream. In the past two weeks, the Financial Times has run a contributed opinion piece on green investing and the Telegraph’s Emma Wall has written an article with the subheading “Ethical investors no longer have to choose between their pocket and their conscience,” completely contradicting the newspaper’s proclamation earlier this year that “ethical investing doesn’t pay.” read more
27.10.11 / Charity Loans, Ethical Bank, Ethical ISA, Ethical Savings, National Ethical Investment Week, Social Banking, Social Enterprise, Social Investment / Author: Mark Howland / Comments: (0)
Our 2011 ‘Different Journeys’ programme is now complete. It was our most ambitious programme of visits to date, taking the public to see 20 of our borrowers during National Ethical Investment Week.
These visits have enabled us to share directly with our customers and the public the difference that money saved and invested in Charity Bank is making to charities, social enterprises and communities across the UK. read more
27.09.11 / Ethical ISA, Ethical Savings, National Ethical Investment Week / Author: Mark Howland / Comments: (0)
Are ethical savings really viable? Can you earn a good rate of interest and still save in a way that benefits society and the planet?
If you are expecting to earn 10% on your savings, then the answer is probably no. But then, as dramatically demonstrated by the Icelandic Banking collapse in 2008, excessively high returns may not be sustainable anyway or involve risks you may not be happy to take. read more
20.09.11 / Ethical Money, National Ethical Investment Week, Social Investment / Author: Geoff Burnand / Comments: (0)
Another finding from our recent research is that 67% of donors believe the charities they support should invest their own portfolios ethically. More than half of these people felt that this was “very important” and only 8% of respondents believed that it was not very important or not important at all. read more
06.09.11 / Ethical Money, National Ethical Investment Week, Transparency / Author: Mark Howland / Comments: (2)
At Charity Bank, one of our most important principles is that our customers know what we do with their money. We publish details of every loan we make and encourage people to see for themselves the good that their money is doing while it earns them interest. To find out whether information sharing is becoming more widespread within the industry, Charity Bank commissioned research from market research specialists Vision Critical who conducted a poll of more than 2,000 UK adults.
The research revealed that 78% of Britons don’t know how or where their savings are invested. At the same time, the research also showed that more than half (51%) of those surveyed do care where their ISA deposits are invested. read more
17.08.11 / Ethical ISA, Ethical Savings, National Ethical Investment Week, Social Banking / Author: Mark Howland / Comments: (1)
Today’s article by Chris Atkins in The Independent illustrates all that is wrong with the traditional investing model used by most of Britain’s High Street Banks. To learn about why RBS is investing in companies that make cluster bombs, which are responsible for killing and maiming thousands of civilians, Chris tried to corner RBS’ chief executive, Stephen Hester, but was denied access to him.
Undeterred, Atkins finally came across a merchant banker at RBS’ headquarters in Bishopsgate and who gave the unapologetic answer to why RBS – as well as Barclays, Lloyds and HSBC – is investing in companies that make these weapons was simple. It all comes down to the fact that makes money. read more